The College of St Barnabas Holistic Care in a Christian Community ## ## ## |for the year end||ed|31August 2|021| |---|---|---|---|---| |Contents||||| |Who's Who||||| |Patrons and Presidents||||| |The Members ofthe Council||||| |The Chairman's
Foreword||||| |A Review ofthe Year||||| |The New Senior Management|||Team|10| |Residents||||12| |The Chaplain's
Report||||13| |Fundraising||||14| |Marketing||||15| |The Friends ofthe College||||15| |Financial
Review||||16| |Structure,
Governance
and||Management||18| |Membership
ofCommittees||||20| |Report ofthe Investment|Adviser|||21| |Professional
Advisers||||23| |Statement
ofTrustees'
Responsibilities||||24| |Report ofthe Independent||Auditors||2S| |Financial Statements
for the Year|||ended 31August|28| |2021||||| |Parochial
Church Councils|and other organisations|||46| |which have supported
the|College|||| |Trusts which have supported||the College||47| ## ## ## ## ## |Officers and senior personne|l
ofthe College|||| |---|---|---|---|---| |Chief Executive Officer|Mr Monty Erskine,|BA, MBA, MSc||| |and Company
Secretary||||| |Chaplain|The Reverend
Derek||Chandler,|BTh, MDiv| |Registered
Manager|Mrs Suzan Jack|||| |Housekeeper|Mrs Susan Lewis|||| |Fundraising
Manager|Mr Michael Herbert,||BA(Hons), MinstF(Dip)|| |Estate Manager|Mr Simon Farthing|||| |Human
Resources Manager|Ms Kate Afshar|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||for t|he year e|nded 31August|2021||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|funds|funds| |||Notes|f.'000|f.'000|f.'000|f.'000| |INCOME AND ENDOWMENTS FROM||||||| |Donations
and legacies|||223|170|393|431| |Charitable
activities||||||| |Contributions
by Residents for accommodation
and nursing
care|||1,725||1,725|1,676| |Other trading
activities|||10||10|16| |Investment
income|||29||29|19| |Other income||||||6| |Total|||1,987|170|2,157|2,148| |EXPENDITURE ON||||||| |Raising funds|||108||108|120| |Charitable
activities||||||| |Nursing
and care costs|||970||970|901| |Collegiate|||1,121||1,129|1,156| |Total|||2,199|8|2,207|2,177| |Net gains on investments|||71||71|| |NET INCOME/(EXPENDITURE)|||(141)|162|21|(26)| |Transfers between
funds||21|130|(129)||| |Net movement
in funds||||33|22|(26)| |RECONCILIATION|OF FUNDS|||||| |Total funds brought|forward||2,703|423|3,126|3,152| |TOTAL FUNDS CARRIED FORWARD|||2,692|456|3,148|3,126| ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes|f'000|f'000|f'000|f.'000| |FIXEDASSETS|||||| |Tangible assets|13|2,390||2,390|2,447| |Investments|14|263|446|709|650| |||2,653|446|3,099|3,097| |CURRENT ASSETS|||||| |Stocks|15|16||16|11| |Debtors|16|130||130|123| |Cash at bank and in hand||95|10|105|178| |||241|10|251|312| |CREDITORS|||||| |Amounts
falling due within one year|17|(159)||(159)|(229)| |NKT CURRENT ASSETS|||10|92|83| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||2,735|456|3,191|3,180| |CREDITORS|||||| |Amounts
falling due after more than one year|18|(43)||(43)|(54)| |NET ASSETS||2,692|456|3,148|3,126| |FUNDS|21||||| |Unrestricted
funds
Restricted funds||||2,692
456|2,703
423| |TOTAL FUNDS||||3,148|3,126| ## |||f|or the year ended 3|1August 2021|| |---|---|---|---|---|---| |||||2021|2020| ||||Notes|f'000|f.'000| |Cash flows from operating
activities
Cash generated
from operations
Dividends
received||||(15)
28|83
18| |Net cash provided by operating
activities||||13|101| |Cash flows from investing|activities||||| |Purchase oftangible fixed assets||||(74)|(72)| |Purchase offixed asset investments||||2|| |Sale offixed asset investments||||10|7| |Interest received||||I|I| |Net cash used in investing|activities||||~64)| |Cash flows from financing
Loan repayments
in year|activities||||~40)| |Net cash used in financing|activities|||(25)|~40)| |Change
in cash and cash
the reporting
period|equivalents|in||(73)|(3)| |Cash and cash equivalents
beginning
ofthe reporting|at the
period|||178|181| |Cash and cash equivalents
the reporting
period|at the end|of||105|178| ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||f.'000|f.'000| |Net income/(expenditure)|for the reporting||period (as per the|||| |Statement ofFinancial
Adjustments
for:|Activities)||||21|(26)| |Depreciation
charges|||||131|120| |Gain on investments
Interest received
Dividends
received
Increase in stocks
Increase in debtors
(Decrease)/increase
in creditors|||||(71)
(1)
(28)
(5)
(7)|(3)
(1)
(18)
(2)
(76)
89| |Net cash (used in)/provided||by operations|||(15)|83| |ANALYSIS OF CHANGES||IN NET FUNDS||||| |||||At 1.9.20|Cash flow|At 31.8.21| |||||f'000|I'000|I,'000| |Net cash||||||| |Cash at bank and in hand||||178|~73|105| |||||178|~73|105| |Debt||||||| |Debts falling due within
Debts falling due after 1|1 year
year|||(26)
~54|15
11|(11)
~43| |||||~80|26|~54| |Total||||98|~47)|51| ## ## ## ## ## ## ## ## ## ## ## ||company's
pension scheme are charged to the Statement ofFi
DONATIONS
AND LEGACIES|nancial Activities
in the period to whi|ch they rela| |---|---|---|---| |||2021|2020| |||F000|f'000| ||Donanons,
grants and legacies|393|431| |3.|OTHER TRADING ACTIVITIES||| |||2021|2020| |||8'000|F000| ||Staffrental income||4| ||Telephone
mast rental income|10|8| ||Event income||4| |||10|16| |4.|INVESTMENT INCOME||| |||2021|2020| |||f.'000|f.'000| ||UK listed investments|28|18| ||Deposit account interest|1|1| |||29|19| ## ## ## ## ||INCOME FR|OM CHAR|ITA|BLE ACTIVI|TIES|||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| |||||Activity|||F000|f'000| ||Contributions|by residents|for|||||| ||accommodation|and nursing||Contributions|by Residents|for||| ||care|||accommodation|and nursing|care|1,725|1,676| |6.|RAISING FUNDS|||||||| ||RAISING DONATIONS||AND LEGACIES|||||| ||||||||2021|2020| ||||||||F000|f.'000| ||Staffcosts||||||73|95| ||Other costs||||||25|15| ||Event costs|||||||2| ||||||||98|112| ||INVESTMENT MANAGEMENT|INVESTMENT MANAGEMENT|COSTS||| |---|---|---|---|---|---| |||||2021|2020| |||||E000|E000| ||Portfolio|management||10|8| ||Aggregate|amounts||108|120| |7.|CHARITABLE ACTIVITIES COSTS||||| |||||||Support|| |---|---|---|---|---|---|---|---| ||||||Direct|costs (see|| ||||||Costs|note 8)|Totals| ||||||f.'000|E000|E000| ||Nursing|and|care costs||796|174|970| ||Collegiate||||950|179|1,129| ||||||1,746|353|2,099| |8.|SUPPORT||COSTS||||| |||||||Governance|| |||||Management|Finance|costs|Totals| |||||f.'000|E000|F000|f.'000| ||Nursing|and|care costs|171||3|174| ||Collegiate|||174||4|179| |||||345|||353| ## ||||2021|2020| |---|---|---|---|---| ||||E000|f'000| |Auditors'|remuneration||7|7| |Depreciation||- owned assets|131|120| ## ## ## |There were no trustee
STAFF COSTS|s'
expenses paid for t|he year ended 31 August 2021 nor for|the year ended 3|1 August 20| |---|---|---|---|---| ||||2021|2020| ||||f'000|I'000| |Wages and salaries
Social security costs|||1,322
92|1,271
98| |Other pension costs|||48|54| ||||1,462|1,423| |The average monthly|number ofemployees|during the year was as follows:||| ||||2021|2020| |Staffdirectly involved|in delivering||105|97| |Fundraising|||2|3| |Warden|||1|1| |Administration|||4|5| ||||112|106| ## ||Notes to the Financial Statements
- continued
for the year ended 31August 2021|Notes to the Financial Statements
- continued
for the year ended 31August 2021|Notes to the Financial Statements
- continued
for the year ended 31August 2021||| |---|---|---|---|---|---| |12.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||| ||||Unrestricted|Restricted|Total| ||||funds|funds|funds| ||||F000|f.'000|f'000| ||INCOME AND ENDOWMENTS FROM||||| ||Donations
and legacies||200|231|431| ||Charitable
activities||||| ||Contributions
by Residents|for|||| ||accommodation
and nursing|care|1,676||1,676| ||Other trading activities||16||16| ||Investment
income||19||19| ||Other income||6||6| ||Total||1,917|231|2,148| ||EXPENDITURE ON||||| ||Raising funds||120||120| ||Charitable
activities||||| ||Nursing
and care costs||901||901| ||Collegiate||1,156||1,156| ||Total||2,177||2,177| ||Net gains on investments||||| ||NET INCOME/(EXPENDITURE)||(257)|231|(26)| ||Transfers
between funds||151||| ||Net movement
in funds||(106)|80|(26)| ||RECONCILIATION
OF|FUNDS|||| ||Total funds brought
forward||2,809|343|3,152| ||TOTAL FUNDS CARRIED FORWARD||2,703|423|3,126| ## |13.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||| |---|---|---|---|---|---|---|---|---| |||||Freehold||||| |||||property|Refurbishments|Equipment||Totals| |||||6'000|f.'000|F000||f.'000| ||COST|||||||| ||At 1 September 2020|||1,835|1,158||720|3,713| ||Additions||||52||22|74| ||At 31August 2021|||1,835|1,210||742|3,787| ||DEPRECIATION|||||||| ||At 1 September 2020|||465|197||604|1,266| ||Charge for year|||18|61||52|131| ||At 31 August 2021|||483|258||656|1,397| ||NET BOOK VALUE|||||||| ||At 31August 2021|||1,352|952||86|2,390| ||At 31August 2020|||1,370|961||116|2,447| |14.|FIXEDASSETINVESTMENTS|||||||| |||||||Cash|and|| ||||||Listed|settlements||| ||||||investments|pending||Totals| ||||||f'000|F000||I'000| ||MARKET VALUE|||||||| ||At 1 September 2020||||623||27|650| ||Additions||||166||156|322| ||Disposals||||(157)|(177)||(334)| ||Revaluations||||71|||71| ||At 31August 2021||||703|||709| ||NET BOOK VALUE|||||||| ||At 31 August 2021||||703|||709| ||At 31 August 2020||||623||27|650| ||There were no investment|assets outside the UK.||||||| ||The following
investments|were held at 31August 2021:||||||| |||||||2021||2020| |||||||F000||f.'000| ||Johnson Controls International||PLC Com USD1.00|||33||18| ||Tesco Ord GBP0.05
Prudential
Ord f0.05|||||18
26||20
21| ||Sergo PLC Ord GBP0.10|||||34||25| ||Scottish Mortgage lnv Trust Ord GBP0.05|||||||61| ||Toyota Motor Corp NPV|||||21||| ||Wellington
Mgmt Funds (Ireland) Global High Yield|||BD SGBP|Dis|||| ||Hedged|||||19||| ||Allianz Technology
Trust|pic|Ord GBP0.25|||||56| ||Bellway GBP0.125|||||22||15| ||Rentokil Inital Odg GBP0.01|||||24||| ||Siemens AG Npv(Regd)|||||26||| ## ## |FIXEDASSETINVESTMENTS -continued||||| |---|---|---|---|---| |Tencent Holding Ltd HKD0.00002|||18|| |Liontrust
Investments
Ltd Monthly Income bond|||24|24| |Texas Instuunents
Inc Com USD1.00|||27|| |Kion Group AG NPV|||24|| |Smith(DS) Ord GBP0.10|||23|13| |31Infrastructure
Ord NPV|||31|28| |Roche Holdings
AG Genusscheine
NPV|||35|32| |BAESystems Ord GBP0.025|||24|| |The Renewables
In&astructure
GRP Ord NPV|||23|25| |Royal London Asset Management
Ethical Bond Z|GBP DIS||23|22| |Threadneedle
Investments
Fund UK Social Bond Institutional||GBPDIS||22| |Lyxor International
Asset Mgmt Lyxor Core FTSEActuaries||UK Gilts|22|23| |(DR)
First State Investments
Global Listed In&astructure|BGBPInc||21|19| |Microsott Corp Com USD0.00000625|||43|33| |Pennon Group Ord GBP0.407|||18|22| |Aviva Investors UK Svcs Ltd Higher Income Plus|2Inc||21|20| |Encl Spa EUR1
Bank ofAmerica Corporation
Com USD0.01|||22|22
17| |Takeda Pharmaceutical
Co Ltd NPV|||18|21| |Compass
Group PLC Ord GBP0.1105
Astrazeneca
Ord USD0.25|||26
22|21
21| |Unilever PLC Ord GBP0.031111|||19|21| ## ## |STOCKS||| |---|---|---| ||2021|2020| ||f.'000|f.'000| |Stocks|16|11| |DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||| ||2021|2020| ||f.'000|f,'000| |Trade debtors|107|89| |Other debtors|3|16| |Prepayments|20|18| ||130|123| ## ## |17.|CREDITORS: AMOUNT|S FALLING DUE WITHIN ONE YEAR||| |---|---|---|---|---| ||||2021|2020| ||||f.'000|F000| ||Bank loans and overdratts|(see note 19)||15| ||Other loans (see note 19)||11|11| ||Tmde creditors||52|39| ||Social security and other taxes||23|26| ||Other creditors||73|138| ||||159|229| |18.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||| ||||2021|2020| ||||F000|F000| ||Other loans (see note 19)||43|54| ## ||2021|2020| |---|---|---| ||f'000|F000| |Amounts
falling due within one year on demand:||| |Bank loans||15| |Other loans|11|11| ||ll|| |Amounts
falling between one and two years:||| |Other loans
—1-2years||| |Amounts
falling due between two and five years:||| |Other loans
—2-5 years|32|32| |Amounts
falling due in more than five years:||| |Repayable
by instalments:||| |Other loans more 5yrs instal||| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||f'000|F000| |Within one year|||||5|9| |Between one|and five years||||9|15| ||||||14|24| |MOVEMENT IN FUNDS||||||| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.9.20|in funds|funds|31.8.21| ||||F000|F000|f.'000|f'000| |Unrestricted|funds|||||| |General fund|||65|(66)|30|29| |Tangible Fixed Assets|||2,369|(131)|100|2,338| |Legacy fund|||124|56||180| |Underfunded|contributions|(Designated||||| |fund)|||145|||145| ||||2,703|(141)|130|2,692| |Restricted funds||||||| |Walsingham|Pilgrimage||3|||3| |Nursing
wing|laundry||5|(2)||3| |Underfunded|contributions||331|163|(129)|365| |Chapel Lighting Fund|||2|||2| |Re-wiring project|||81|||81| |Furture Boiler Replacement|||1|||2| ||||423|162|129|456| |TOTAL FUNDS|||3,126|21||3,148| |Net movement|in funds, included||in the above are as follows:|||| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||f.'000|f.'000|F000|F000| |Unrestricted|funds|||||| |General fund|||1,931|(2,068)|71|(66)| |Tangible Fixed Assets||||(131)||(131)| |Legacy fund|||56|||56| ||||1,987|(2,199)|71|(141)| |Restricted funds||||||| |Nursing
wing|laundry||6|(8)||(2)| |Underfunded|contributions||163|||163| |Furture Boiler Replacement|||1|||1| ||||170|||162| |TOTAL FUNDS|||2,157|~2,207)|71|21| ## ## ## ## |||||Net|Tmnsfers|| |---|---|---|---|---|---|---| |||||movement|between|At| ||||At 1.9.19|in funds|funds|31.8.20| ||||8'000|f'000|f'000|F000| |Unrestricted|funds|||||| |General fund|||168|(140)|37|65| |Tangible Fixed Assets|||2,377|(122)|114|2,369| |Legacy fund|||119|5||124| |Underfunded|contributions|(Designated||||| |fund)|||145|||145| ||||2,809|(257)|151|2,703| |Restricted funds||||||| |Walsingham|Pilgrimage|||||3| |Nursing
wing|laundry|||5||5| |Underfunded|contributions||306|127|(102)|331| |Chapel Lighting
Fund|||2|||2| |Re-wiring project|||2|47|32|81| |Boiler Replacement|||30|51|(81)|| |Furture Boiler Replacement||||I||| ||||343|231||423| |TOTAL FUNDS|||3,152|~26)||3,126| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |||I,'000|f.'000|f.'000|I'000| |Unrestricted|funds||||| |General fund||1,912|(2,055)||(140)| |Tangible Fixed Assets|||(122)||(122)| |Legacy fund|||||5| |Restricted funds||1,917|(2,177)||(257)| |Nursing
wing|laundry|5|||5| |Underfunded|contributions|127|||127| |Re-wiring project||47|||47| |Boiler Replacement||51|||51| |Furture Boiler|Replacement|I|||1| |||231|||231| |TOTAL FUNDS||2,148|(2, 117777)||~26)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2021||2020|| |---|---|---|---|---|---| |||f.'000||f.'000|| |INCOME AND ENDOWMENTS|||||| |Donations
and legacies|||||| |Donations,
grants and legacies|||393|431|| |Other trading activities|||||| |Staffrental income|||||| |Telephone
mast rental income|||10||| |Event income|||||| ||||10||16| |Investment
income|||||| |UK listed investments|||28||18| |Deposit account interest|||1||1| ||||29||| |Charitable
activities|||||| |Contributions
by residents|for accommodation||||| |and nursing
care||1,725||1,676|| |Other income|||||| |Furlough
Claims|||||| |Total incoming resources||2,|157|2,148|| |EXPENDITURE|||||| |Raising donations
and legacies|||||| |Wages|||63||85| |Social security|||6||3| |Pensions|||4||7| |Other costs|||25||15| |Event costs|||||2| ||||98||112| |Investment
management|costs||||| |Portfolio management|||10||| |Charitable
activities|||||| |Wages||1,079||1,033|| |Social security|||69||85| |Pensions|||29||32| |Sundries|||6||6| |Other nursing
costs|||101||134| |Housekeeping
costs|||141||151| |Premises costs|||190||202| |Carried forward||1,615||1,643|| ## |||2021|2020| |---|---|---|---| |Charitable
activities||C000|f'000| |Brought forward
Depreciation of|tangible fixed assets|1,615
131|1,643
122| |||1,746|1,765| |Support costs|||| |Management|||| |Wages
Social security
Pensions
Advertising
Professional
charges
Office costs||180
17
15
5
34
94|153
10
15
4
13
88| |||345|283| |Finance|||| |Loan Interest|||| |Governance
costs|||| |Auditors'
remuneration|||| |Total resources expended||2,207|2,177| |Net expenditure|before gains and losses|(50)|(29)| |Realised recognised gains and losses|||| |Realised gains on|fixed asset investments||~33)| |Net expenditure|||~62)| ## ## ||Duckmanton|||||||| |---|---|---|---|---|---|---|---|---| ||Winterbourne|Gunner|St. Mary PCC|||||| ||Swilland||St. Mary PCC|||||| ||Sunbury||St. Mary PCC|||||| ||Little Houghton||St.Marythe|Virgin|PCC|||| ||Withyham||St. Michael & All Angels|||PCC||| ||Walden||St. Paul PCC|||||| ||Edenbridge||St.Peter and|St. Pauls PCC||||| ||Sawrey||St.Peter PCC|||||| ||||St. Peter-ad-Vincula|||||| ||||Stoke Doyle PCC|||||| ||St. Philip &St.James||LJp Hatherley|PCC||||| ||St.Lawrence||Willington
PCC|||||| ||South Nutfield||Christ Church|PCC||||| ||Royston||St.John the Baptist PCC|||||| ||Sunbury||St. Mary PCC|||||| ||Northampton||St. Michael &|All Angels||w. Holy Sepulchre|Church|PCC| |TruStS||||||||| ||The|Clergy Support|Trust|||||| ||The|Community
Of|The Presentation|Trust||||| |||F BCoales No.|4 (Family) Trust|||||| ||The|Fulmer Charitable
Trust||||||| |||Ganzoni Charitable
Trust||||||| |||Glossop Family|Trust|||||| ||The|Loseley Christian
Trust||||||| ||The|Ofenheim
Charitable
Trust||||||| |||PF Charitable
Trust||||||| |||Rootes Charity|Trust|||||| |||St.Alban Great|llford Trust|||||| ||The Patricia|Wright Charitable
Trust||||||| ||The|Wilbraham
Charitable
Trust||||||| ||RJ|Wyber Charitable
Trust||||||| ||Friends Of|College ofSt.Barnabas||||||| |||Stedkare Trust||||||| |||Whyteleafe
Charitable
Trust||||||| ||The|Anson Charitable|Trust|||||| |||Pillar Charitable|Trust|||||| ||Nias|Wheatley
Charitable
Trust|||||||